Malvern Bank’s "Money Matters"

Money Matters: Let's tie up those loose ends

November 1, 2021

Hello,

When it comes to money, we know it literally pays to attend to even the smallest of details. But, sometimes, like during busy holiday seasons, finding the time to do everything can feel overwhelming, if not downright impossible. Yet tying up all financial loose ends before the year-end is a must.

Before the holiday season gets into full swing, here is a list of moves you may want-or need-to make so you can fully relax and enjoy the festivities:

  1. Check the balance of your FSA - and decide how you will use the remainder.
  2. Redeem any rewards points you’ve earned this year.
  3. Find out what tax changes affected you this year and make adjustments (see article below).
  4. Maximize your contributions to your retirement plan.
  5. Retirees, be sure to take your RMD.
  6. Calculate how much to give in year-end donations to your favorite charities for the greatest benefit.

Lastly, the end of the year is an ideal time to create or review your financial plan with a Certified Financial Planner. Malvern Bank can help with that. Contact Sally at 610.695.3651 to get started!

And for more ideas, here are some hand-picked articles for you.

Sincerely,

Anthony C. Weagley
President & CEO
Malvern Bank, National Association
Beyond Your Expectations ™
Office : 610.644.9400
Marketing@MyMalvernBank.com

Money Matters

Return to Money Matters


The 1929 Stock Market Crash Caught Nearly Everyone Off Guard. Are We Headed for a Similar Fate?

The 1929 Stock Market Crash Caught Nearly Everyone Off Guard. Are We Headed for a Similar Fate?

BARRON'S: Oct. 25, 2021

The Roaring '20s come to mind with the recent Federal Reserve report showing America's richest 1%...

Read More

End-of-the-Year Income Tax Checklist

End-of-the-Year Income Tax Checklist

Investopedia: Oct. 25, 2021

Here's what you should be thinking about tax-wise prior to year's end, as well as some lesser-...

Read More

How to Protect Yourself From Online Card Fraud

How to Protect Yourself From Online Card Fraud

The New York Times: Oct. 25, 2021

People are expected to do much of their holiday shopping online this year even as the pandemic...

Read More

How To “Treat” These 13 Financial "Tricks"

How To “Treat” These 13 Financial

Forbes: Oct. 25, 2021

There will be lots of witches, zombies, vampires, and other monsters running around this...

Read More

Santa Claus Is Coming—But He'll Skip Some Stores

Santa Claus Is Coming—But He'll Skip Some Stores

Wall Street Journal: Oct. 22, 2021

Americans have big shopping lists but face emptier shelves and less help this shopping season...

Read More

4 Steps for Living Abundantly, Attracting Wealth and Better Business

4 Steps for Living Abundantly, Attracting Wealth and Better Business

Entrepreneur: Oct. 25, 2021

You want to make money — how much and why? You want to be healthier — how much weight do you want...

Read More